Welcome to our dedicated page for Middlesex Watr news (Ticker: MSEX), a resource for investors and traders seeking the latest updates and insights on Middlesex Watr stock.
Middlesex Water Company (NASDAQ: MSEX) is an investor-owned water and wastewater utility serving customers in New Jersey, Delaware and Pennsylvania. This news page aggregates company announcements, earnings releases and other updates that help investors and observers follow developments affecting MSEX stock and the company’s regulated and non-regulated operations.
Readers can find coverage of quarterly and year-to-date earnings results, including details on operating revenues, expenses and segment performance as reported in company press releases and related Form 8-K filings. Middlesex Water regularly reports on capital investment levels in its water and wastewater infrastructure, highlighting spending to upgrade, replace and enhance the resiliency of treatment facilities, distribution mains and related assets.
News items also include regulatory and rate case developments, such as petitions to the New Jersey Board of Public Utilities and the Delaware Public Service Commission for base rate changes and distribution system improvement charges. These updates provide context on how the company seeks to recover prudently incurred investments and support safe and reliable service.
Investors can track dividend declarations and increases, including information on the company’s long history of paying cash dividends and its multi-decade record of annual dividend growth. Additional coverage may feature participation in industry conferences, board and governance updates and selective acquisitions of water utility assets that align with the company’s selective and sustainable growth pillar.
For anyone monitoring MSEX news, this page offers a centralized view of the company’s financial disclosures, regulatory milestones, infrastructure initiatives and corporate actions, helping users understand how these events relate to Middlesex Water’s long-term strategy and utility operations.
Middlesex Water Company (NASDAQ: MSEX) announced that its subsidiary, Tidewater Utilities (TUI), has completed the acquisition of Ocean View water system assets in Sussex County, Delaware for $4.6 million. The acquisition includes a water system serving approximately 900 customers, who have been receiving water supply from TUI since 2008.
TUI has been managing water distribution, meter reading, customer billing, and operational services through its subsidiary, White Marsh Environmental Systems. The Delaware Public Service Commission approved the acquisition on February 19, 2025. The deal ensures rate equity for Ocean View residents, as TUI will maintain existing water rates during the transition period.
Middlesex Water Company (NASDAQ: MSEX) reported strong financial results for 2024, with net income reaching $44.4 million and diluted EPS of $2.47, up from $31.5 million and $1.76 EPS in 2023. Revenues increased to $191.9 million, a $25.6 million rise from 2023.
The company invested $75 million in infrastructure improvements during 2024 and plans to invest $387 million from 2025 through 2027, including $105 million for PFAS treatment installation. Key growth drivers included base rate increases, weather-driven customer demand, and operational improvements across all utility systems.
The company announced the acquisition of Ocean View water utility assets in Delaware for $4.6 million, adding approximately 900 customers. Additionally, Middlesex declared a quarterly dividend of $0.34 per share, marking its 52nd consecutive year of dividend increases.
Middlesex Water Company (NASDAQ: MSEX) has appointed Brian Hague as its new Vice President of Communications and Corporate Affairs. Hague brings over 20 years of communications experience from both public and private sectors, having previously served as Director of Government Affairs and Communications for American Dream in northern New Jersey.
In his new role, Hague will be responsible for internal and external communications, crisis management, government affairs, and community outreach. The appointment aims to strengthen relationships with elected officials and community stakeholders while enhancing the company's brand, according to President and CEO Nadine Leslie.
Middlesex Water Company (NASDAQ:MSEX), a provider of water, wastewater and related utility services, has announced it will release its fourth quarter and full-year 2024 financial results on February 28, 2025, after market close. The company will make both the earnings press release and SEC Form 10-K filing available in the Investors section of their website.
The company operates primarily in New Jersey and Delaware through various subsidiary companies, offering both regulated and unregulated water and wastewater utility services. Information about the company's Investment Plan can be accessed through their website's Investors section and shareholder portal.
Middlesex Water Company (NASDAQ: MSEX) has announced its Board of Directors has declared a quarterly cash dividend of $0.34 per share on its common stock. The dividend will be payable on March 3, 2025, to shareholders of record as of February 18, 2025.
The company operates as a regulated and unregulated water and wastewater utility services provider, primarily serving New Jersey and Delaware through various subsidiary companies.
Middlesex Water Company (Nasdaq:MSEX) announced the retirement of G. Christian Andreasen, Jr., Vice President of Enterprise Engineering, effective January 31, 2025, after 42 years with the company. Andreasen, who joined in 1982, played a important role in the company's expansion in New Jersey and Delaware, overseeing major capital improvements including the ozone treatment plant upgrade, transmission main projects, and the Park Avenue plant upgrade. As Vice President of Enterprise Engineering since 2019, he was responsible for engineering services, asset management, and capital improvement activities.
Middlesex Water Company (Nasdaq:MSEX) has appointed Gregory Sorensen as Vice President and Chief Operating Officer, effective December 16, 2024. Sorensen, formerly President of West Region at Liberty Utilities, brings extensive utility experience managing operations across the U.S. and Chile. In his previous role, he led 800 professionals serving 440,000 customers with regulated utility revenue exceeding $400 million. In his new position, Sorensen will oversee operational performance, engineering functions, capital program planning, water and wastewater operations, safety, environmental compliance, and sustainability initiatives.
Middlesex Water Company (NASDAQ:MSEX) reported strong Q3 2024 financial results with diluted earnings per share of $0.80, up 42.9% year-over-year. Net income reached $14.3 million, increasing by $4.3 million compared to 2023. Quarterly revenues grew by $8.4 million to $55.1 million, driven by NJBPU-approved base rate increases and increased customer demand. The company increased its quarterly dividend by 4.62% to $0.34 per share. Operations and maintenance expenses rose by $2.8 million due to increased legal costs, enhanced water treatment processes, and higher labor and energy costs.
Middlesex Water Company (NASDAQ: MSEX) has announced a 4.62% increase in its quarterly cash dividend to $0.34 per share from $0.325, raising the annual dividend rate to $1.36 from $1.30. This marks the company's 52nd consecutive year of dividend increases. The dividend is payable on December 2, 2024, to shareholders of record as of November 15, 2024. The company, which provides regulated and unregulated water and wastewater utility services in New Jersey and Delaware, has maintained continuous dividend payments since 1912.
Middlesex Water Company (NASDAQ:MSEX), a provider of water, wastewater and related utility services, has announced plans to release its financial results for the third quarter ended September 30, 2024. The company will disclose these results on October 31, 2024, after the market closes. Investors and interested parties will be able to access the press release and the company's 10-Q filing in the Investors section of the Middlesex Water Company website. This announcement provides shareholders and potential investors with a specific date to anticipate the company's latest financial performance data.